Sage 50 US

I am really new at this program and accounting in general. I tried to use a general journal entry to transfer money from one account to another. What I ended up with was an extra 14k in the account that I was transferring from and a debt for an equal…

I entered a bill for $3000 and paid it. the vendor called and said the bill was for $5000 and turns out I entered the bill wrong initially. Since the month was still open I changed the bill amount from $3000 to $5000 which created an open balance of…

Help! I have a small company that this year distributed a non-cash award to eligible employee. The value was $500.00, so we need to treat it as income and withhold/pay taxes. How do I enter this in Sage so that the appropriate taxes are recorded but the…

Typically when I have a Credit Card payment, I add the credit card fees as an entry in the Apply to Revenues Tab to the proper expense and then receive it as one payment. This way the full transaction is together and when reconciling the checking account…

Hi all - I recently inherited an accounting position where my predecessor was playing catch-up trying to re-create a company's records with incomplete information. The company uses 2 credit cards to help with cash flow in paying vendors. I recently…

Hello All, I recently took over the accounts payable department at my job. I learned that when they close the year out, they do close the current year, they actually close the prior year. For example: 12/31/15, they closed out 2014 not 2015. My questions…

I have an employee that was issued a payroll check back in 11/2014, and it was lost. The owner decided not to stop payment and reissue, she just had me reissue another payroll check. Understandably, this employee is the most trustworthy individual on…

so hopefully this comes out clear. BACKGROUND : I am the regional warehouse supplying products to 13 salons. ISSUE #1 : Wrong pricing on purchase orders. --We set the pricing of products (level 1- and 2) in the system under maintain inventory items and…

I overpaid a Vendor that we do not deal with anymore... They sent a check but I do not know how to attach it to the invoice